Owning a motorcycle comes with the thrill of the open road, but also risks. Accidents, severe weather, or theft can leave your bike damaged or even totaled. Understanding how motorcycle insurance handles major damage can help you make informed decisions when the unexpected happens. At Garrison Insurance Group, serving Lilburn, GA, we’re proud to offer motorcycle insurance that keeps you safe on and off the road.
Assessing the Damage
After an accident or other damaging event, the first step is an insurance claim. Your provider will send an adjuster to assess the extent of the damage and determine whether your motorcycle can be safely repaired. Minor to moderate damage is typically repaired at a certified shop, with your insurance covering the costs minus your deductible.
When Replacement Is Necessary
Sometimes, the damage is so severe that repairs aren’t feasible or cost-effective. In these cases, your insurance may declare the bike a total loss. The payout is usually based on the actual cash value (ACV), which refers to the market value of your motorcycle just before the damage occurred, factoring in depreciation. This may not be enough to replace your bike. But you may be able to purchase a policy add-on, or endorsement, for replacement cost coverage. This will pay the full cost to replace your totaled bike with a new one.
Liability and Additional Coverage
Motorcycle insurance doesn’t just cover your bike. Liability coverage protects you if you cause injury or property damage to others, while optional features like uninsured motorist coverage and roadside assistance can provide extra security in unexpected situations.
Be Prepared and Informed
Knowing how your policy handles major damage helps you make confident decisions after an accident. If you want to safeguard your motorcycle against major repairs, contact Garrison Insurance Group, serving Lilburn, GA, to review your policy and ensure you have the coverage you need for every ride.
